CARPE CONSENSUS: Can You Put a Price on Decentralized Governance? Polygon and DraftKings Did

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4.7 • 698 Ratings

🗓️ 30 November 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Danny Nelson describes his recent scoop where he learned that Polygon quietly gave DraftKings preferential treatment while telling the public it was an "equal" member of the validator community. On "Carpe Consensus," hosts Ben Schiller and Danny Nelson take a deep dive into a recent scoop of Danny's, involving layer 2 blockchain Polygon and sports betting company DraftKings. [1:04] Inside the Desk: When Polygon announced DraftKings would be joining its validator community, it failed to disclose the financial incentives lurking in the background of the deal. Read Danny's full piece on CoinDesk: "Polygon's Secret Deal: Sending DraftKings Millions to Run Failed Validator." [17:09] Ben previews CoinDesk's Most Influential 2023, releasing Dec. 4. “Carpe Consensus” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is Carpe Consensus.
0:11.0	Join hosts Ben Schiller and Danny Nelson as they seize the world of crypto.
0:22.8	Hello and welcome to Cafe Consensus.
0:25.2	This is a podcast from the CoinDest Podcast Network, and I am Benjamin Schiller,
0:29.2	features editor here at CoinDest.
0:31.2	And Danny Nelson is joining me today.
0:33.1	Danny, how are you?
0:34.5	I am well, a little bit sick, but who isn't these days, especially when
0:38.1	you're Danny Nelson? That's a common occurrence with you, I think, with this gravelly, nice voice
0:43.0	you have? Absolutely. So, Danny, you've been in the scoop minds recently, and we're going to get
0:48.0	into that in a minute. So just to preview the show a little bit, we're going to talk about
0:52.3	Danny's scoop, which is related to the
0:54.7	juggernaut that is Polygon. And then we're also going to preview Most Influential, which is our big
0:59.3	annual end of year list, which is coming out next week. So let's get to it. So Danny, you've been
1:05.7	working on an important news story that we published today on coin dust.com, and it relates to
1:10.6	Polygon, which is a layer to
1:12.1	protocol, a very important entity. Just talk about that scoop and how you came about it.
1:17.8	Yes. So the big idea is Polygon was paying Draft King's millions of dollars worth of crypto
1:24.9	to be a part of its network. Wow. So this relates to
1:29.6	Polygon's infrastructure, the validators that actually operate the network, they keep everything
1:34.5	moving, that maintain this database or this decentralized database that keep transactions moving.
1:41.3	Now, there are 100 different entities that operate these validators, and for a long
	...

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